FT Vest U.S. Equity Moderate Buffer ETF - January
GJAN
Chicago Board Options Exchange- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Jan 23, 2023
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN) is an exchange-traded fund that seeks to deliver returns, before fees and expenses, matching the price return of the SPDR S&P 500 ETF Trust (SPY) up to a predetermined upside cap while providing a buffer against the first 15% of SPY losses over a defined one-year Target Outcome Period, typically resetting annually such as from January 21, 2025, to January 16, 2026; the fund employs FLEX Options on SPY, including calls and puts, alongside cash equivalents or U.S. Treasuries for collateral, resulting in a concentrated holdings portfolio dominated by these derivatives. GJAN operates within the defined outcome ETF segment of the investment management industry, targeting retail and institutional investors seeking equity exposure with downside protection and capped upside participation; it trades on Cboe BZX and is available primarily to U.S. investors. The fund was launched on January 20, 2023, as part of the First Trust Exchange-Traded Fund VIII statutory trust, advised by First Trust Advisors L.P. (FTA), a privately held firm founded in 1991 and headquartered in Wheaton, Illinois, in strategic alliance with Vest Financial LLC, which engineers the Target Outcome strategies using derivatives. Recent developments include the expansion of First Trust's Target Outcome ETF lineup, which grew to 125 funds with over $33 billion in assets as of September 30, 2025, reflecting a 32% year-over-year increase, highlighted by launches such as the FT Vest S&P 500 & Digital – October (DGOC) and others incorporating income, buffer, and accelerator strategies; in June 2025, First Trust introduced three new Target Outcome ETFs (FGSI, BUFX, BUFH) blending target income with downside protection, further diversifying the suite that includes GJAN. FTA continues to announce monthly distributions across its ETF portfolio, including related defined outcome products, underscoring ongoing operational stability and product enhancements amid market volatility; no major acquisitions, funding rounds, or reorganizations specific to GJAN or its managers were reported in the last 1-2 years, though the broader First Trust-Vest partnership has driven rapid lineup growth and asset accumulation. The fund maintains a net expense ratio of 0.85% and manages approximately $381 million in assets, with geographic focus on U.S. markets through its SPY-linked options strategy.